First Farmers Financial Corp
First Farmers Financial Corporation operates as the financial holding company for First Farmers Bank & Trust, which provides banking products and services to individuals, families, and businesses. The company offers business products, including checking and savings accounts, business lending, leasing, treasury management, small business loans, autobooks and home base; personal banking products, s… Read more
First Farmers Financial Corp (FFMR) - Net Assets
Latest net assets as of September 2025: $306.57 Million USD
Based on the latest financial reports, First Farmers Financial Corp (FFMR) has net assets worth $306.57 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.33 Billion) and total liabilities ($3.02 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $306.57 Million |
| % of Total Assets | 9.22% |
| Annual Growth Rate | 10.37% |
| 5-Year Change | 31.18% |
| 10-Year Change | 131.49% |
| Growth Volatility | 4.92 |
First Farmers Financial Corp - Net Assets Trend (2012–2023)
This chart illustrates how First Farmers Financial Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Farmers Financial Corp (2012–2023)
The table below shows the annual net assets of First Farmers Financial Corp from 2012 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $259.60 Million | +11.38% |
| 2022-12-31 | $233.09 Million | -4.13% |
| 2021-12-31 | $243.14 Million | +9.77% |
| 2020-12-31 | $221.50 Million | +11.93% |
| 2019-12-31 | $197.90 Million | +14.97% |
| 2018-12-31 | $172.13 Million | +11.97% |
| 2017-12-31 | $153.73 Million | +13.34% |
| 2016-12-31 | $135.63 Million | +8.93% |
| 2015-12-31 | $124.51 Million | +11.03% |
| 2014-12-31 | $112.14 Million | +14.15% |
| 2013-12-31 | $98.24 Million | +11.96% |
| 2012-12-31 | $87.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Farmers Financial Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 246.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $281.37 Million | 108.38% |
| Total Equity | $259.60 Million | 100.00% |
First Farmers Financial Corp Competitors by Market Cap
The table below lists competitors of First Farmers Financial Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ZX PACKING ORD A (SHH) EQSW Exp:
SHG:603091
|
$416.23 Million |
|
BETTER COLLECTIVE EO-01
F:9C8
|
$416.44 Million |
|
Inghams Group Ltd
AU:ING
|
$416.53 Million |
|
LG Balakrishnan & Bros Limited
NSE:LGBBROSLTD
|
$416.65 Million |
|
Mongolian Mining Corporation
OTCQX:MOGLF
|
$416.13 Million |
|
LUMENT FINAN.TR.PRF.A 25
F:70X1
|
$416.06 Million |
|
B2 Impact ASA
OL:B2I
|
$416.06 Million |
|
Shaanxi Zhongtian Rocket Technology
SHE:003009
|
$416.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Farmers Financial Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 233,085,000 to 259,603,000, a change of 26,518,000 (11.4%).
- Net income of 46,183,000 contributed positively to equity growth.
- Dividend payments of 13,069,000 reduced retained earnings.
- Share repurchases of 1,021,000 reduced equity.
- New share issuances of 165,000 increased equity.
- Other factors decreased equity by 5,740,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $46.18 Million | +17.79% |
| Dividends Paid | $13.07 Million | -5.03% |
| Share Repurchases | $1.02 Million | -0.39% |
| Share Issuances | $165.00K | +0.06% |
| Other Changes | $-5.74 Million | -2.21% |
| Total Change | $- | 11.38% |
Book Value vs Market Value Analysis
This analysis compares First Farmers Financial Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.80x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.10x to 1.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $21.44 | $66.50 | x |
| 2018-12-31 | $24.03 | $66.50 | x |
| 2019-12-31 | $27.78 | $66.50 | x |
| 2020-12-31 | $31.30 | $66.50 | x |
| 2021-12-31 | $34.69 | $66.50 | x |
| 2022-12-31 | $33.21 | $66.50 | x |
| 2023-12-31 | $36.95 | $66.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Farmers Financial Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.79%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.84%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 11.58x
- Recent ROE (17.79%) is above the historical average (15.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 15.28% | 28.90% | 0.04x | 13.29x | $4.63 Million |
| 2013 | 16.10% | 31.03% | 0.04x | 12.51x | $5.99 Million |
| 2014 | 14.47% | 29.61% | 0.04x | 11.95x | $5.01 Million |
| 2015 | 13.50% | 27.25% | 0.04x | 11.88x | $4.36 Million |
| 2016 | 12.56% | 25.42% | 0.04x | 11.90x | $3.47 Million |
| 2017 | 14.15% | 29.76% | 0.04x | 10.91x | $6.38 Million |
| 2018 | 16.10% | 34.26% | 0.05x | 10.16x | $10.49 Million |
| 2019 | 14.92% | 34.71% | 0.04x | 9.68x | $9.73 Million |
| 2020 | 13.74% | 31.86% | 0.04x | 9.99x | $8.29 Million |
| 2021 | 14.83% | 34.92% | 0.04x | 10.03x | $11.75 Million |
| 2022 | 17.71% | 38.27% | 0.04x | 11.79x | $17.97 Million |
| 2023 | 17.79% | 38.84% | 0.04x | 11.58x | $20.22 Million |
Industry Comparison
This section compares First Farmers Financial Corp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Farmers Financial Corp (FFMR) | $306.57 Million | 15.28% | 9.85x | $416.21 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |